Enter the home market value ($) into the calculator to determine the Rent Charge.
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Rent Charge Formula
The following formula is used to calculate the Rent Charge.
RC = HV * .01
- Where RC is the Rent Charge ($/month)
- HV is the home market value ($)
To calculate a rent charge, multiply the home market value by 1%.
How to Calculate Rent Charge?
The following example problems outline how to calculate Rent Charge.
Example Problem #1:
- First, determine the home market value ($). In this example, the home market value ($) is given as 250000.
- Finally, calculate the Rent Charge using the equation above:
RC = HV * .01
The values given above are inserted into the equation below:
RC = 250000 * .01 = 2,500 ($/month)
Example Problem #2:
The variables needed for this problem are provided below:
home market value ($) = 500000
Entering these values and solving gives:
RC = 500000* .01 = 5,000 ($/month)
